Banco BPM (BAMI.MI) is ready to sell its debt collection business if potential buyers are willing to take on almost all of its remaining bad loans, its chief executive said.
European Union banks should reduce the stock of bad loans to a maximum of 5% of the loans they hold, Germany and France said in a joint document.
Italy’s doBank (DOB.MI) plans to take on the management of a further 15 billion euros ($17 billion) in bad loans by 2020 as it strives to preserve its sector leadership amid rising competition.
European Central Bank supervisors are looking for a softer way to press euro zone lenders to deal with their bad loans after an earlier proposal met fierce opposition, two sources said.
PSBs have written off bad loans worth a whopping Rs 1.20 lakh crore, an amount that is nearly one-and-a-half times more than their total losses posted in 2017-18, according to official data.
Urjit Patel is likely to face tough questions from a parliamentary panel tomorrow on a range of issues including amount of cash returned post demonetisation, the PNB fraud and the mounting bad loans.
SBI recorded its highest non-performing asset (NPAs) of Rs 1.1 lakh crore in 2017-18, almost equal to what it had registered in the decade before, RTI query revealed.
SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.
Piyush Goyal announced setting up of a committee to give recommendations in two weeks on formation of an Asset Reconstruction Company for faster resolution of stressed accounts.
Bank of India reported widening of its net loss to Rs 3,969.27 cr in the March quarter due to higher provisioning for mounting bad loans.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20